Word: dollarized
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...last time we realized the financial system had sold us out-this was way back in 2001/2002-one of the results was a half-a-billion-dollar settlement with Wall Street's stock analysts. As you might recall, investment banks had a bad habit of issuing overly rosy opinions of companies, particularly the ones the banks were courting for other sorts of business. Twelve companies, including Merrill Lynch, Bear Stearns, Citigroup, Goldman Sachs, Lehman Brothers, J.P. Morgan Chase and UBS agreed to pay a collective $432.5 million for research to be produced by dozens of independent, outside companies and distributed...
...Garage at the corner of Dunster and Mt. Auburn streets, it’s only open until midnight on Fridays and Saturdays, and it’s had some problems with chip theft since it opened this winter, but neither of these drawbacks change the fact that the five-dollar foot-long fills you like nothing else...
Harvard Management Company—which oversees the University’s multi-billion dollar endowment—announced a new managing director of real estate investments Tuesday, after the position had remained vacant for over a year. Daniel W. Cummings, a former managing director at private equity titan The Carlyle Group, will join the Company at the end of June. The appointment comes at a crucial time, with University officials scrambling to adjust budgets to accommodate a projected 30 percent drop in the endowment for the fiscal year. HMC’s previous director for real estate, David Ferrero...
...unlike a static landmark, the nature of Espada’s presence in Harvard Square has evolved over the years. From handing out fake dollar bills with the addresses of 9/11 truth movement Web sites—while wearing a horse mask—to adopting the subtler approach of sitting outside with his poster, Espada remains a symbol of dissidence in Cambridge...
...Stossel says such incidents are rare. And in keeping with his contrarian positions, Stossel says he has few qualms about less extreme forms of ghostwriting, in which big pharmaceutical companies hire professionals to write a draft of the findings from multi-million dollar clinical studies...